LIV Golf in line to get initial investment as it tries to emerge from bankruptcy

BC Partners Credit announced a $205 million investment in LIV Golf on Monday, part of a $300 million cumulative financing plan to help the struggling circuit emerge from Chapter 11 bankruptcy. The funds, advised by BC Partners Credit, require court approval and would allow LIV Golf to plan for a 2027 season with a 10-tournament schedule, half of which would be held at international sites.

Ted Goldthorpe, partner and head of BC Partners Credit, stated that the goal is to help LIV Golf emerge from restructuring with sound financial footing and renewed momentum. He also emphasized the unique opportunity for players to share in the league's success through equity ownership in teams. LIV Golf CEO Scott O'Neil expressed gratitude for the investment, stating that it marks meaningful progress toward a player-owned, team-focused, global league. The announcement comes two days before several bankruptcy hearings related to the original filing.